Commercial Annuities

A Smart Way to Leave a Gift to The Hunger Project

Like retirement plan assets, commercial annuities provide for tax-deferred growth while the owner is living. Because distributions from commercial annuities are subject to income taxes, they are often considered among the best assets to leave to charity. Due to our tax-exempt status, The Hunger Project can receive your commercial annuity completely tax-free. The best way to give a commercial annuity in support of our work after your lifetime is to name us as beneficiary.

Making this gift is as simple as updating your beneficiary form with your bank or insurance company. You can designate us as the primary beneficiary for a percentage or specific amount. You can also make us the contingent beneficiary so that we will receive the balance of your policy only if your primary beneficiary does not survive you.

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Next Steps

  1. Contact Jim Goodman, JD, CAP® at 1-800-228-6691 ext. 261 or jim.goodman@thp.org for additional information on commercial annuities.
  2. Seek the advice of your financial or legal advisor.
  3. If you include The Hunger Project in your plans, please use our legal name and federal tax ID.

Legal name: The Global Hunger Project
Address: 110 W. 30th St., 6th Floor, New York, NY 10001 (thp.org)
Federal tax ID number: 94-2443282